Business

Chinese buyer will expand California solar firm MiaSole

MiaSole makes thin film that can be sandwiched between sheets of glass for windows on a building or integrated into material for rooftops.

By JOE McDONALDAP Business Writer

BEIJING — The Chinese company that bought MiaSole, a California producer of thin-film solar panels, says it can make the emerging technology successful where others have suffered huge losses.

Hanergy Group's strong finances will help MiaSole invest in research and ride out a downturn in the global solar market, while its links to customers in China and abroad will help build sales, chairman Li Hejun said Wednesday. Hanergy says it is China's biggest privately owned renewable energy company, with interests in hydro, wind and solar power.